In an exclusive interview with Xinhua News Agency, Mohammed Al Ajlan, chairman of the Saudi-Chinese Business Council and vice chairman of Saudi Arabia's Ajlan Brothers Holding Group, pointed out that China's increasingly complete infrastructure, sufficient high-quality talents and rich innovative application scenarios have created good space for foreign investors to expand investment in new technologies, new industries and new business forms, and investing in China is investing in the future.
On February 18, tourists will spend and play at the 2024 Qingdao Radish Lantern Festival Sugar Ball.
Ajlan believes that China's economy is transforming to high-quality development, and the Chinese market always has growth potential. "We have noticed that China will continue to release huge demand in advanced manufacturing, new urbanization, and upgrading of consumption structure. ”
He said that China is leading in emerging fields such as digital economy, 5G, artificial intelligence, automation, and new energy vehicles, and is leading scientific and technological innovation. Taking digital finance as an example, China has always been at the forefront. As of 2023, relevant statistics show that China's mobile payment penetration rate has reached 86%, which is a leading position in the world.
Ajlan said that in recent years, Saudi Arabia has attached great importance to the digital economy as a new engine of global economic development. Artificial intelligence technology is the forefront and focus of the innovation and development of the digital economy, Ajlan Group is committed to strengthening exchanges with Chinese enterprises, bringing cutting-edge competitive Chinese enterprises to the Saudi market, and actively exploring the development space of combining artificial intelligence technology with Saudi Arabia's industrial upgrading needs.
He stressed that with the acceleration of the construction of China's modern industrial system and the active integration into the global supply chain division of labor system, a larger, wider and deeper pattern of opening up will bring new development opportunities to foreign-funded enterprises. "We look forward to China's further deepening reforms in promoting the development of the digital economy, strengthening the opening of financial markets, advocating a green economy, and continuing to create more opportunities for global enterprises. ”
On March 1, two self-driving vehicles drove in the Beijing Economic and Technological Development Zone.
He said that the Belt and Road Initiative has many similarities with Saudi Arabia's Vision 2030, and Saudi Arabia and China have carried out extensive cooperation in energy transition, high-end manufacturing, infrastructure investment and other aspects, and economic complementarity has become increasingly prominent. "We look forward to the emergence of more world-class companies in China that align with Saudi Arabia's Vision 2030 focus areas. ”
"As a Saudi company that has been deeply involved in the Chinese market for more than 30 years, we believe that industrial upgrading and technological innovation will not only bring new growth momentum to China, but also lay a solid foundation for the exchange and cooperation between Ajlan Group and leading enterprises in various industries in China, and we are full of confidence in the prospects of cooperation," said Ajlan. ”
"We are optimistic about the development prospects of the Chinese market and are determined to continue to invest in China. Ajlan said.